Buying individual lots in developments

[Jon Jandro]

Hello, I am as new as they get on this site, so far I am really liking what I see. I am always looking for ways to make money in real estate, but am struggling on deciding what to do first. I graduated college a couple years ago but only started making decent money (around $80-90k/year) in the last nine months. I have accumulated a little over $10k and am looking at ways to invest a smaller amount of money. I have been focusing on developments in markets I think have high growth potential and have considered purchasing a primo lot in a new development, wait for others to buy and build the lots, and then sell my lot using a "last bottle on the shelf" approach. Has anyone else had success doing this?

[Rex King]

I hate the appreciation game. What you are describing sounds like black jack at the casino. I have seen it go the other way on developments and I personally would never make that investment.

Go buy a duplex with an FHA mortgage. Live there, move one and do it again.